Chance The Rapper Says Soundcloud Is Here To Stay

If you had any doubts about Soundcloud, let Chance the Rapper put those to rest right now. In a series of tweets, he declared that the audio streaming service was “here to stay.” Billboard reports that this follows reports that Soundcloud only had enough funding to last until the fourth quarter of this year. On Thursday, almost 40% of the company’s employees were laid off in a cost-cutting measure. Bloomberg added that it was made to compete with Spotify and Apple Music. Meanwhile their offices in San Francisco and London were expected to close with the New York and Berlin offices remaining open.